Dispute Breaks Out Over Title of ‘First Regulated Bitcoin Hedge Fund

Coindesk – In July, a hedge fund in Jersey issued a press release announcing that it had become the first regulated fund to deal in bitcoin.

The Jersey fund, called Global Advisors Bitcoin Investment Fund (GABI), later said it was seeking $200m in assets under management. In subsequent months, mentions of GABI have been regularly prefaced by its status as the first regulated bitcoin hedge fund by everyone from the BBC to Newsweek.